Opinion: Ethereum network growth hits a 4-month high, ETH price may rise to $3,900

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MarsBit
09-10
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According to Mars Finance, market intelligence platform Santiment recently disclosed the recent positive changes in the Ethereum network in the X platform. According to data from Sanbase Pro, the growth level of the Ethereum network has increased significantly, indicating that cryptocurrencies will become active again and are expected to show bullish momentum. It is understood that on September 8, there were about 126,210 newly created wallet addresses on the Ethereum network. Surprisingly, although Sunday is usually the least active day of the week, the network still recorded the highest growth momentum in four months, setting a new milestone. Cryptocurrency analyst trader Tardigrade believes that the price trend of Ethereum has entered a "Double Botto" mode, and the "W structure" may indicate that its price may be about to reverse. This rise may push the price of Ethereum to $3,900. Another crypto analyst, Ali Martinez, revealed that Ethereum whales may have lost interest in cryptocurrencies, noting that they stopped accumulating ETH in early July and have since turned to selling or redistributing their holdings. (Bitcoinist)

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